QUESTION Which of the following concepts would likely NOT serve to guide members of the Millennial generation who enter the business world? A) Carroll’s “profit is first priority” pyramid B) social entrepreneurship C) Friedman’s “profit is the only responsibility of business” D) blended value E) sustainability ANSWER Answer: C Explanation: C) Millennials are typically […]
QUESTION What is likely the foundation of the “doer activist” theme among the Millennial generation? A) values B) ethics C) laws D) education E) profit ANSWER Answer: A Explanation: A) Values are relatively permanent and deeply held underlying beliefs and attitudes that help determine people’s behavior.
QUESTION Many Harvard Business School graduates who created and signed the MBA oath are likely members of what generation? A) baby boomers B) Greatest generation C) Me generation D) Millennial generation E) Lost generation ANSWER Answer: D Explanation: D) Graduates who signed the 2009 oath were likely born during the early part of the […]
QUESTION Which of the following is an example of rank-and-file employees being directly engaged with supporting a company’s corporate social responsibility efforts? A) taking company-sponsored classes in ethical behavior B) signing the company code of ethics C) taking time off to perform their own volunteer work D) contributing to the company’s annual charity fund E) […]
QUESTION What is E-Verify? What will be an ideal response? ANSWER Answer: a method to screen the legal status of job candidates Explanation: This federal program allows companies to quickly check the legal status of candidates and identify illegal immigrants.
QUESTION Which of the following is NOT a characteristic of a sweatshop? A) low wages B) long hours C) white-collar environment D) factory environment E) child labor ANSWER Answer: C Explanation: C) A sweatshop is a shop, factory, or farm where employees work long hours for low or no wages under abusive conditions.
QUESTION People can enter into a business with the highest of intentions to act responsibly, yet may find themselves behaving unethically. Why? What will be an ideal response? ANSWER Answer: People overestimate their ability to act properly. Explanation: This is known as the “holier-than-thou” effect. People have good intentions in the abstract, but may […]
QUESTION A tornado levels a small town. Five big pizza companies take action to support the community. When the town is back on its feet, which company will residents MOST likely buy their pizza from? A) the company that placed an ad expressing support in the local newspaper B) the company that donated money to […]
QUESTION What is the fundamental goal of corporate social responsibility (CSR)? What will be an ideal response? ANSWER Answer: to maximize a company’s positive impacts on society and minimize negative social impacts Explanation: CSR aims to increase social benefits and limit or decrease negative social impacts. The impacts of CSR activities on a company’s […]
QUESTION A famous New York apparel designer undertook several initiatives to improve its corporate social responsibility profile. Which of the following activities would be related to suppliers? A) installing energy-efficient lighting in its offices B) drafting an integrity-based ethics code C) donating clothing samples to charities D) severing contracts with sewing sweatshops E) running a […]
